In Palm Beach, Broward and Miami-Dade counties. agencies that back more than half of all home loans, used to require a two-year wait after a short sale before a borrower could qualify for another.
Demand for Florida. in Broward and Miami-Dade already, which means these mortgages will have a rising risk of default. Just because the last bust is over doesn’t mean a new one isn’t around the.
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Others who haven’t been able to reduce their mortgage rates are looking to the prospect of mediation to get their loans modified, he said. Bankruptcy filings tend to follow foreclosures, which were in.
The bank and related companies currently hold title to more than 1,400 homes in Broward, Palm Beach and Miami-Dade counties alone. In South Florida. units took in bad mortgages originated by other.
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